STA : Waiting game continues
March 9, 2011 Leave a comment
The key support for STA is 28. If it holds a bounce to 30 or so will not surprise, but a breakdown which looks possible to us, will place 25.60 to 26 as the immediate target. STA has not enjoyed strong volume of late, and until it manages either a weekly close above 31 or below 28 it will remain a marginal call due to the tightness of support and resistance.